Company Earnings Update 3 minutesRegister for Free AccessTarget (TGT) 2Q16 Results: Target Plans for a Challenging Second Half Coresight Research August 18, 2016 Executive Summary Target reported 2Q16 adjusted EPS of $1.23 versus the consensus estimate of $1.13. Comps were down 1.1% versus expectations of a 0.7% decline and guidance of flat–(2)%. Traffic was down 2.2%, but the decline was partially offset by a 2.6% increase in average selling price. Units per transaction were down 1.5%. Comps in Target’s signature categories were up 2%. Target lowered its full-year EPS guidance to $4.80–$5.20 from $5.20–$5.40 previously; consensus calls for EPS of $5.13. The company lowered its outlook for 2H16 comps based on the current retail environment. Management is planning for a challenging second half of the year. Already a subscriber? Log in You are currently viewing a preview of this report. Please select an access option to view the full report. Hide Options - Show Options + Get unlimited access to all our research with one of our subscription plans. View Subscription Plans or Contact us to purchase this report. Contact us ✕ This document was generated for Other research you may be interested in: March 2024 Leading Indicators of US Retail Sales: Growth To Remain in Mid-Single-Digit Range Amid Rising Consumer SentimentRetail Innovation: State of In-Store Retailing and Opportunity To Redefine OperationsRetail-Tech Landscape: Robotics and AutomationConsumer Demand Sees a Slower Recovery: China Consumer Tracker